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Gloria Ammon has just won the state lottery and has the following three payout options for after - tax prize money: 1. $56,000 per year

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Gloria Ammon has just won the state lottery and has the following three payout options for after - tax prize money: 1. $56,000 per year at the end of each of the next six years 2. $312,000 (lump sum) now 3. $516,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the third option. (Round to nearest whole dollar.) on Gloria Ammon has just won the state lottery and has the following three payout options for after-tax prize money kon A. $256,000 B. $307,536 OC. $89,003 D. $85,867

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